Integrated Wealth Concepts LLC Boosts Holdings in Marathon Petroleum Co. (NYSE:MPC)

Integrated Wealth Concepts LLC lifted its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 70.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,604 shares of the oil and gas company's stock after buying an additional 6,423 shares during the period. Integrated Wealth Concepts LLC's holdings in Marathon Petroleum were worth $2,177,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Adage Capital Partners GP L.L.C. increased its position in Marathon Petroleum by 11.7% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 285,260 shares of the oil and gas company's stock valued at $39,794,000 after purchasing an additional 29,800 shares during the period. Dark Forest Capital Management LP boosted its holdings in shares of Marathon Petroleum by 55.6% during the 4th quarter. Dark Forest Capital Management LP now owns 2,928 shares of the oil and gas company's stock valued at $408,000 after acquiring an additional 1,046 shares during the last quarter. Quantessence Capital LLC bought a new position in Marathon Petroleum in the fourth quarter valued at about $3,790,000. Yaupon Capital Management LP bought a new position in Marathon Petroleum in the 4th quarter worth $31,417,000. Finally, Hsbc Holdings PLC raised its position in shares of Marathon Petroleum by 1.5% during the 4th quarter. Hsbc Holdings PLC now owns 775,534 shares of the oil and gas company's stock valued at $107,845,000 after purchasing an additional 11,702 shares during the period. Hedge funds and other institutional investors own 76.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MPC. Scotiabank dropped their price target on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Barclays lowered their price objective on Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Raymond James cut their price objective on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Finally, Morgan Stanley lowered their price target on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $174.21.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, insider Ricky D. Hessling bought 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $134.72 per share, with a total value of $269,440.00. Following the completion of the acquisition, the insider now owns 12,162 shares of the company's stock, valued at $1,638,464.64. This trade represents a 19.68 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Evan Bayh purchased 1,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $133.70 per share, with a total value of $133,700.00. Following the purchase, the director now directly owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. The trade was a 1.46 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is owned by corporate insiders.

Marathon Petroleum Trading Up 0.2 %

Shares of NYSE MPC traded up $0.33 during midday trading on Thursday, reaching $137.74. 2,053,447 shares of the stock were exchanged, compared to its average volume of 2,697,020. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $42.91 billion, a P/E ratio of 13.87, a P/E/G ratio of 3.11 and a beta of 1.04. The stock has a 50 day moving average price of $137.56 and a 200-day moving average price of $145.82. Marathon Petroleum Co. has a 52-week low of $115.10 and a 52-week high of $184.77.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.71. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company had revenue of $33.47 billion for the quarter, compared to analysts' expectations of $31.94 billion. During the same quarter in the previous year, the company posted $3.98 earnings per share. The business's revenue for the quarter was down 9.1% compared to the same quarter last year. Equities research analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Wednesday, May 21st. Marathon Petroleum's dividend payout ratio (DPR) is presently 36.66%.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.